Why not bookmark this page? MONDAY SEPTEMBER 13, 1999
STARNET is going down the drain!
Shares down 84%
We were told the filing of the major lawsuit is for Wednesday!
Child pornography confirmed in Police documents!
Starnet's "illegal" servers were in Vancouver, we will publish the evidence any moment! Starnet's systems administrators have already admitted this fact!
No decent auditors will have Starnet!
Nesbitt Burns deal is off. No money for the crooks!
Nasdaq listing very unlikely! probably impossible!
We just learned that the list of people getting sued at Starnet got bigger:
John Carley, Mark Dohlen, Paul Giles, Christopher Zacharias, Jason King, Benjamin Wong, Michael Hiebert, Adrian Miller, Chaz Green, Derek Ferguson, Martin Glaeser, Colin Fox, Murray Partners, Ken Lelek, Thor Newman, Lorne Hammond, James Fillman, Steve LeClair, Ben Erickson, Ken White.
You can read the POLICE
documents here: 68 pages!
Peter Thiessen of the Royal Canadian Mounted Police: "More is yet to come. This is just the tip of the iceberg." Charges and arrests - not 'if' but 'when'
SPECIAL COVERAGE OF
STARNET'S HUGE PROBLEMS
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Look To Sell Detroit Casino Interests
Three prominent MotorCity casino investors - including the two leading African Americans of the Detroit casino movement - are expected to sell out their shares in the group because they may not meet tough licensing standards.
Herb Strather, Nellie Varner and Mike Malik are negotiating to sell their casino interests, according to sources close to the deals. The three investors could not be reached, and a spokesman for MotorCity declined comment. Malik, a manager of a Native American casino in Manistee, has had federal tax problems that would likely prevent him from obtaining a casino license, sources familiar with the state's licensing investigation said. [Read The Full Article...]
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stockhouse.com
Cold Stocks
Starnet [SNMM] just can not recover. After trading over $20 throughout July the stock has collapsed, leaving many investors shaking their heads. No charges have been laid, but investors are finding it hard to have confidence in the company after their offices were raided by police.
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the-adviser.com
if you are still holding Starnet Communications International Inc. (OTC BB: SNMM), we suggest you reconsider. In the past two weeks, Ernst & Young, the firm's Big Five accounting firm resigned. In addition, the firm announced it was "moving" some corporate offices completely out of North America. Can you say jail and stock fraud?
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Online investing pitfalls
You've finally decided to do it.
After much pondering, you've made up your mind to go ahead and trade online. After all, the commissions are low and executions are fast. What could be simpler?
But before taking the plunge, it's important to know what pitfalls await you. [Read The Full Article...]
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Trail Record Pace Of 1998 Officials Say
Large Powerball jackpot would boost sales
Kansas lottery sales were down 26 percent for the first two months of the fiscal year, which officials attributed to lack of a large Powerball jackpot.
''In the long term we will be fine,'' Gregory Ziemak, executive director of the lottery, told members of the Kansas Lottery Commission on Friday. [Read The Full Article...]
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Notes and Debentures to 'BBB'
Duff & Phelps Credit Rating Co. (DCR) has downgraded its rating on Mirage Resorts, Inc.'s senior notes and debentures from 'BBB+' (Triple-B-Plus) to 'BBB' (Triple-B). This rating action affects $950 million of debt securities. At the same time, DCR has reaffirmed the company's commercial paper rating at 'D-2' (D-Two). The outlook is stable.
The downgrade is largely attributable to the company's weakened credit protection measures as a result of lower-than-expected cash flow from its Las Vegas casino properties, particularly in light of the strong current fundamentals of the Las Vegas market, as well as a weaker-than-anticipated start at the company's recently opened Beau Rivage Biloxi casino resort. [Read The Full Article...]
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By Turncoats, Young Hotheads And The Law
During the glory days of the Philadelphia mob in the 1960s and '70s, the wiseguys were kept in line by the "Docile Don" - Angelo Bruno, who led with quiet authority and preferred to keep most violence out of public view.
But the loyalty and discipline of the Bruno regime are long gone. And the Philly mob is on its last, broken legs. Bruno was gunned down in a car in front of his home in 1980, and the void was filled by young hotheads. Their power soon faded, thanks to their own inexperience, turncoats and tough new racketeering laws. [Read The Full Article...]
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The thought of murder to support a gambling habit is incomprehensible enough, but the idea that a mother would take the life of her own child to supply her habit is repulsive.
Dina Abdelhaq was sentenced last Wednesday to 21 years behind bars as penalty for killing her young infant, Tara, who was 7 weeks old when she was murdered. [Read The Full Article...]
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Pays Man $925,000
The Barona Indian Reservation near San Diego has paid a 29-year-old man $925,000 after he hit the jackpot on a video slot machine, officials said Friday. The payout Thursday was believed to be the largest ever at a California tribal casino.
The winner, who asked not to be identified, made his lucky pull on a $5 progressive jackpot machine in which the prize keeps growing until someone hits the best draw on a maximum bet. [Read The Full Article...]
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A jury that included Rudolph Giuliani, the mayor of New York, has rejected a man's $6.9 million (£4.3 million) claim for damages against his landlord.
Former nightclub bouncer Oliver Johnson said that he suffered scalded testicles after a sudden change in the water temperature of his shower. [Read The Full Article...]
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At Almost $13 Million
Forget private jets, helicopters or sports cars, the ultimate status symbol is your own island. An offshore island with a link to the Internet to enable you to keep in touch with the world, and place a bet online if you were so inclined, would be some people's idea of paradise on Earth.
There are more than 3,000 privately-owned islands in the world, from small Scottish islets to tropical desert islands, at prices ranging from less than $160,000 to more than $16 million. [Read The Full Article...]
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On Casino Workers
The Confederation of Hotel, Restaurant and Entertainment Sector Unions on Friday threw its weight behind the workers at the Casino du Liban's gambling rooms, which is at odds with the casino's administration over its policy on employee tips. The head of the confederation, Beshara Shaaya, called on the 520 workers to unite behind their union in its request that the administration reverse its ban on tips at the gaming tables. [Read The Full Article...]
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"Given the performance of the Venetian since the day it allegedly opened, I think taking marketing advice from any of their officials would be like taking navigational lessons from the captain of the Titanic"
-- Rob Powers, an LVCVA spokesman, discussing the Las Vegas Convention and Visitors Authority and its current role. Executives of the Venetian hotel-casino say the LVCVA has outlived its usefulness and are calling for its elimination.
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GREAT NEWS!
Two superb online magazines will be launched in September and they will provide a very extensive coverage of the industry:
CasinoMagazine.com & GamingMagazine.com
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